The following information was available from the inventory records of Oriole Company for January: Units Unit Cost Total Cost Balance at January 1 7000 $8.10 $56700 Purchases: January 6 4000 9.20 36800 January 26 9000 10.40 93600 January 7 (5000) January 31 (11000) Sales: Balance at January 31 4000 Assuming that Oriole maintains perpetual inventory records, what should be the inventory at January 31, using the moving-average inventory method, rounded to the nearest dollar? WATCH DATES